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Goldman (GS) Q2 Earnings: How Key Metrics Compare to Wall Street Estimates

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Goldman Sachs (GS - Free Report) reported $20.34 billion in revenue for the quarter ended June 2026, representing a year-over-year increase of 39.5%. EPS of $20.98 for the same period compares to $10.91 a year ago.

The reported revenue compares to the Zacks Consensus Estimate of $16.49 billion, representing a surprise of +23.31%. The company delivered an EPS surprise of +44.99%, with the consensus EPS estimate being $14.47.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

Here is how Goldman performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
  • Book Value Per Share: $367.67 versus the four-analyst average estimate of $365.72.
  • Assets Under Supervision (AUS) - Total: $4,041.00 billion compared to the $3,818.46 billion average estimate based on three analysts.
  • Standardized Capital Rules - Common equity tier 1 capital ratio: 12.9% versus 12.9% estimated by three analysts on average.
  • Supplementary - Leverage ratio: 4.3% versus 4.4% estimated by two analysts on average.
  • Net Revenues- Global Banking & Markets- Total: $15.52 billion compared to the $12.11 billion average estimate based on four analysts. The reported number represents a change of +53.4% year over year.
  • Net Revenues- Asset & Wealth Management- Total: $4.6 billion versus the four-analyst average estimate of $4.18 billion. The reported number represents a year-over-year change of +21.7%.
  • Net Revenues- Asset & Wealth Management- Private banking and lending: $689 million compared to the $638.94 million average estimate based on four analysts. The reported number represents a change of -12.7% year over year.
  • Net Revenues- Global Banking & Markets- Other: $117 million versus $142.5 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -27.3% change.
  • Net Revenues- Global Banking & Markets- Investment banking fees: $3.4 billion versus $2.9 billion estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +55% change.
  • Net Revenues- Asset & Wealth Management- Investments: $441 million compared to the $301.75 million average estimate based on four analysts.
  • Net Revenues- Platform Solutions- Total: $221 million versus $251.13 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -67.7% change.
  • Net Revenues- Global Banking & Markets- Equities: $7.42 billion compared to the $5.26 billion average estimate based on four analysts. The reported number represents a change of +72.4% year over year.

View all Key Company Metrics for Goldman here>>>

Shares of Goldman have returned -2.8% over the past month versus the Zacks S&P 500 composite's +1.3% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.

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